Search found 1489 matches

by TravelforFun
Sat Nov 17, 2018 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Why I plan on buying a life annuity - even if it is a stupid idea
Replies: 77
Views: 5978

Re: Why I plan on buying a life annuity - even if it is a stupid idea

Input a deferred annuity or pay a premium now and start receiving at age 70 and see what you get. TravelforFun Why would I do that? I am looking for a car, you are asking me to price a snowmobile. And what makes you think that the answer to the problem that you are posing is going to be satisfactor...
by TravelforFun
Sat Nov 17, 2018 12:57 pm
Forum: Investing - Theory, News & General
Topic: Ed Slott & Roth Conversions
Replies: 11
Views: 863

Re: Ed Slott & Roth Conversions

Yes there is a logic to his approach for some people. If you have a very large IRA, retire early, and can live on your taxable account, you should convert as much as possible from tIRA to Roth to fill up the lower tax brackets. Do this every year until age 70 and that should reduce your RMD signific...
by TravelforFun
Sat Nov 17, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Why I plan on buying a life annuity - even if it is a stupid idea
Replies: 77
Views: 5978

Re: Why I plan on buying a life annuity - even if it is a stupid idea

If I currently input: - 45 year old male, 45 year old female, - midwestern state, - single payment, - immediate benefit annuity, I get something like 4.5%+. That's a terrible rate. Right because at age 45 the insurance company has to plan on paying you for 40 years. Input a deferred annuity or pay ...
by TravelforFun
Fri Nov 16, 2018 9:08 pm
Forum: Investing - Theory, News & General
Topic: Question about Roth conversion
Replies: 33
Views: 1712

Re: Question about Roth conversion

3. Does the conversion in any way limit or restrict my ability to contribute to a Roth or traditional IRA? Help appreciated. 3. No, you should be able to contribute based on spouse's income and your age. 3. Yes it could. The amount you convert from IRA to Roth is considered income and there is an i...
by TravelforFun
Fri Nov 16, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: Question about Roth conversion
Replies: 33
Views: 1712

Re: Question about Roth conversion

Newly retired without about 3 years before RMDs kick in. Wife still works, but our tax bracket will drop to 12%. As a result, I am thinking of converting as much of my traditional IRA to a Roth as reasonable since my tax bracket will be higher later. Questions: 1. Is this a good strategy (anything ...
by TravelforFun
Fri Nov 16, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: 38 & 43 with pension and $1M in assets considering increasing spending
Replies: 17
Views: 1505

Re: 38 & 43 with pension and $1M in assets considering increasing spending

If I could live on my pensions after I retire then I would withdraw 3% from my assets annually to live more comfortably now. My money would last in perpetuity with 3% withdrawal rate. TravelforFun Is that 3% rate considered safe even when started at 38 instead of 68? I'd thought a lower percentage ...
by TravelforFun
Fri Nov 16, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why I plan on buying a life annuity - even if it is a stupid idea
Replies: 77
Views: 5978

Re: Why I plan on buying a life annuity - even if it is a stupid idea

For those who have SPIA, do you have a COLA SPIA? Thinking about getting one for us.

TravelforFun
by TravelforFun
Fri Nov 16, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: 38 & 43 with pension and $1M in assets considering increasing spending
Replies: 17
Views: 1505

Re: 38 & 43 with pension and $1M in assets considering increasing spending

If I could live on my pensions after I retire then I would withdraw 3% from my assets annually to live more comfortably now. My money would last in perpetuity with 3% withdrawal rate.

TravelforFun
by TravelforFun
Fri Nov 16, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: One food I could never give up
Replies: 33
Views: 1661

Re: One food I could never give up

Pho or Vietnamese noodle soup.

TravelforFun
by TravelforFun
Tue Nov 13, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3004
Views: 589614

Re: What's Your Credit Card Rewards Strategy?

I get my companion passes in January so it is good for 23 months. It's great that you can time it like that. I'm sitting here waiting for January to come. TravelforFun For a while you could apply for the Business and personal Southwest cards from chase, and get bonuses from both. I think that they ...
by TravelforFun
Mon Nov 12, 2018 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3004
Views: 589614

Re: What's Your Credit Card Rewards Strategy?

I get my companion passes in January so it is good for 23 months. It's great that you can time it like that. I'm sitting here waiting for January to come. TravelforFun For a while you could apply for the Business and personal Southwest cards from chase, and get bonuses from both. I think that they ...
by TravelforFun
Mon Nov 12, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3004
Views: 589614

Re: What's Your Credit Card Rewards Strategy?

sco wrote:
Mon Nov 12, 2018 8:35 pm
I get my companion passes in January so it is good for 23 months.
It's great that you can time it like that. I'm sitting here waiting for January to come.

TravelforFun
by TravelforFun
Mon Nov 12, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3004
Views: 589614

Re: What's Your Credit Card Rewards Strategy?

Just got approved for the Southwest Plus Card, a personal card which will give me 40,000 points after I spend $1,000 in three months. With the Southwest business card and the personal card, I'm ready to charge a total of $10,000 on these two cards in January to get 110,000 points and hence, the Com...
by TravelforFun
Mon Nov 12, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1842

Re: RMDs in the year one becomes 70 1/2

OP here & I would be delighted for you to tell me I have the wrong approach. I have a whole bunch of disjointed reasons that I'll indicate below. I will be 70 in late 2022. In my mind, these next several may be the lowest years of Taxation that we will ever have. So even accounting for dropping int...
by TravelforFun
Mon Nov 12, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Sold house. need sanity check
Replies: 9
Views: 2351

Re: Sold house. need sanity check

Sold my home and netted $94k from the sale. Currently renting, but will be looking to purchase a new home fairly soon next 3-6 months. I plan to use all of 94,000 to put a hefty down payment and necessary repairs to the next house. This money was tied up in a house, so it's not like I ever knew tha...
by TravelforFun
Mon Nov 12, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Creating a Bridge to Social Security
Replies: 11
Views: 867

Re: Creating a Bridge to Social Security

If Social Security won’t cover all your expenses, then I’d put your your total expense amount in cash equivalents not just Social Security. Are you saying for example, if you need say 70k a year for those 5 years and S.S. covers 40k per year, then put the extra 30k a year or 150k into Money Market ...
by TravelforFun
Mon Nov 12, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3004
Views: 589614

Re: What's Your Credit Card Rewards Strategy?

Just applied for Chase SW business card with 60,000 bonus points and got approved on the spot. My next step would be to apply for a Chase SW personal card with 40,000 bonus points. TravelforFun Just got approved for the Southwest Plus Card, a personal card which will give me 40,000 points after I s...
by TravelforFun
Mon Nov 12, 2018 11:53 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7839
Views: 1609082

Re: U.S. stocks in freefall

OPEC's today decision to cut 1 million barrels a day is making the market nervous.

TravelforFun
by TravelforFun
Thu Nov 08, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14569

Re: How much money are you leaving your kids after you die?

Some disorganized thoughts on this topic - This is a significant issue for us. I'm 67, wife 66. If we died tomorrow our unmarried 24 year old daughter (only child) would inherit close to $6MM in Vanguard funds invested in tIRAs, Roth IRAs, taxable accounts, variable annuity and mortgage free house....
by TravelforFun
Thu Nov 08, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 184
Views: 8793

Re: Long-term Care Insurance

I do not see Brighthouse Financial on your list above. My parents' policy was written by Travelers more than 20 years ago, sold to Met Life, and then maybe Genworth? I don't know when Brighthouse took over, but they are MUCH easier to deal with than whoever I was dealing with nine years ago on my f...
by TravelforFun
Wed Nov 07, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 46
Views: 4390

Re: How much money did you receive from family? (Gifts/inheritance)

$0. I came from a poor family. Worked my way thru undergraduate school and an employer paid for my graduate school. I'm projecting to leave a mid 7-figure inheritance to our kids, grandkids, and a few charities. We also have LTC insurance to make sure the inheritance would not be decimated by our ol...
by TravelforFun
Tue Nov 06, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14569

Re: How much money are you leaving your kids after you die?

My plan is to Die Broke! Joking right? Pretty difficult to do this unless you don’t have a portfolio/other assets/annuitize everything or know with certainty your date of demise? Pretty easy to do. Take all your money and buy a SPIA. They send you payments monthly and when you die, the payments sto...
by TravelforFun
Tue Nov 06, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 184
Views: 8793

Re: Long-term Care Insurance

Discussions on this thread are fascinating but I fail to understand is why would people who have amassed 7-figure asset be willing to settle for a state-assisted facility. You'd worked hard all your life and should let the fruit of your labor take care of you and your spouse/partner in your old age.
by TravelforFun
Tue Nov 06, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14569

Re: How much money are you leaving your kids after you die?

I'm curious, especially for those with assets (or planned assets) over $1million. Do you plan to leave your kids nothing, some or everything? We have LTC insurance, and plan on having a 3% SWR, so I'm pretty sure we'll leave our kids and grandkids more money than we have when we start our retiremen...
by TravelforFun
Sat Nov 03, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?
Replies: 51
Views: 2372

Re: Multiple newspaper and magazine subscriptions - how much do you pay to stay informed?

I look at Associated Press News daily. It's one of the most neutral news sites out there.

TravelforFun
by TravelforFun
Fri Nov 02, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: Panic set in... now what?
Replies: 63
Views: 10929

Re: Panic set in... now what?

If you're fretting over market gyrations and making panic moves, a wealth adviser may make sense in your case. If the OP is panic over market gyrations, an advisor may not be able to help him. Let's look at the numbers. Assuming his SS at 70 is near the max of $43k a year, and if he wants $600k to ...
by TravelforFun
Thu Nov 01, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: Europe Trip
Replies: 38
Views: 2303

Re: Europe Trip

I'm eyeing a month-stay in the south of France, perhaps Nice first October after I fully retire. Was there a few years ago and love to go back.

TravelforFun
by TravelforFun
Thu Nov 01, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doing thus far and what can I do to reduce taxes?
Replies: 35
Views: 3296

Re: How am I doing thus far and what can I do to reduce taxes?

PFInterest wrote:
Wed Oct 31, 2018 6:39 am
Fm2018 wrote:
Tue Oct 30, 2018 10:29 pm
1) what I can do to reduce taxes,
you are already doing the big one (retirement accounts). otherwise make less money, get married, buy a house, etc.
are you doing a backdoor rIRA as well?
Doing a backdoor Roth doesn't reduce your taxes.

TravelforFun
by TravelforFun
Thu Nov 01, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3004
Views: 589614

Re: What's Your Credit Card Rewards Strategy?

And if they do count, it looks like you'd need the extra 10,000 points to reach companion pass status, but they state that each $10000 in spending yields only $1500 in tier-qualifying points. So does that mean you'd need to spend an additional $70,000+ to reach it? Or is Companion Pass status indep...
by TravelforFun
Thu Nov 01, 2018 7:16 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3004
Views: 589614

Re: What's Your Credit Card Rewards Strategy?

We only focus on maintaining Southwest Airlines Companion Pass Status which allows us to buy one SW ticket with points or cash and get another ticket free. Currently my wife has the status and I'm the companion but her status ends at the end of this year so it's my turn to get the status for us next...
by TravelforFun
Wed Oct 31, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36362

Re: free dinner investing seminar

There is one at 6:00 PM, November 7th, Ruth's Chris Steak House in Downtown Fort Worth.

TravelforFun
by TravelforFun
Wed Oct 31, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Finer points of Roth vs traditional IRA
Replies: 21
Views: 1470

Re: Finer points of Roth vs traditional IRA

sergio wrote:
Tue Oct 30, 2018 3:01 pm
99% of the posts I see recommend the following investment path:

traditional 401k to match -> HSA -> Roth (or trad?) IRA -> max out pre tax/Roth 401k -> 529 -> taxable etc...
At 12% bracket I would do: 401k up to match -> HSA (If eligible) -> ROTH-> Pay off debts -> Taxable.

TravelforFun
by TravelforFun
Tue Oct 30, 2018 11:22 am
Forum: Investing - Help with Personal Investments
Topic: How do I file a Form 2210 for a Roth Conversion?
Replies: 12
Views: 829

Re: How do I file a Form 2210 for a Roth Conversion?

TurboTax will help you with the correct forms. When I convert, I always let Fidelity or Schwab (where I have my IRAs) to withhold 20% for taxes.

TravelforFun
by TravelforFun
Sat Oct 27, 2018 8:09 pm
Forum: Personal Consumer Issues
Topic: What is a reasonable housecleaning cost?
Replies: 27
Views: 2468

Re: What is a reasonable housecleaning cost?

Our cleaning lady charges us $90 (but we give her $100 plus Christmas bonus) to clean our 3,200-sf home in North Texas. She comes every other week.

TravelforFun
by TravelforFun
Fri Oct 26, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: What Memberships/Subscriptions Are Most Valuable To You?
Replies: 68
Views: 4774

Re: What Memberships/Subscriptions Are Most Valuable To You?

SW Airlines Companion Costco Amazon Prime Priority Pass in that order. TravelforFun If you don't mind me asking, how much is Priority Pass and which airports do you frequent/how good are those lounges? My wife and I take turn to apply for American Express card every other year. The card comes with ...
by TravelforFun
Fri Oct 26, 2018 8:36 am
Forum: Personal Consumer Issues
Topic: What Memberships/Subscriptions Are Most Valuable To You?
Replies: 68
Views: 4774

Re: What Memberships/Subscriptions Are Most Valuable To You?

SW Airlines Companion
Costco
Amazon Prime
Priority Pass

in that order.

TravelforFun
by TravelforFun
Fri Oct 26, 2018 8:19 am
Forum: Investing - Theory, News & General
Topic: What's Your Fixed Income Strategy?
Replies: 89
Views: 8617

Re: What's Your Fixed Income Strategy?

I read Dr. Wm Bernstein's idea of having enough "safe" products for 20-25 years worth of drawdown dollars - and the rest invest any way you want even 100% stocks. That idea of securing your retirement funding first, then deciding on how to allocate the rest made sense to me. I vote for the above. I...
by TravelforFun
Thu Oct 25, 2018 11:17 pm
Forum: Investing - Theory, News & General
Topic: What's Your Fixed Income Strategy?
Replies: 89
Views: 8617

Re: What's Your Fixed Income Strategy?

I read Dr. Wm Bernstein's idea of having enough "safe" products for 20-25 years worth of drawdown dollars - and the rest invest any way you want even 100% stocks. That idea of securing your retirement funding first, then deciding on how to allocate the rest made sense to me. I vote for the above. I...
by TravelforFun
Thu Oct 25, 2018 11:14 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 323
Views: 46429

Re: Roll Call for the Retirement Class of 2018!

Miriam2 wrote:
Thu Oct 25, 2018 5:34 pm
Please share your secrets for discarding memories :annoyed Also secrets on how to get children married :wink:
Boomers' problem: Our kids won't marry.

TravelforFun
by TravelforFun
Thu Oct 25, 2018 7:07 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2001
Views: 372380

Re: What are you up YTD? [Year To Date]

10.5% YTD. My asset is approximately 43% stock mutual funds, 30% individual stocks, and 27% cash/bonds/CDs. Travelfor Fun Down to 5.9% as of 10/13/2018 TravelforFun Down to 2.1% as of 10/24/2018. There are still four trading days left in the month but it is clear that in term of dollars, October 20...
by TravelforFun
Wed Oct 24, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Downturn and Roth Conversions
Replies: 8
Views: 720

Re: Downturn and Roth Conversions

I posted this in another thread basically asking the same thing: Day 1, I have $100k in tIRA. Day 2, the market drops 18%. I convert to Roth on the $82k that the tIRA is now worth. I have an ~ $18k tax bill since I’m in the 22% tax bracket. Day 3 I withdraw the $18k to pay the tax bill, leaving abo...
by TravelforFun
Wed Oct 24, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 44
Views: 5102

Re: Applying for Social Security Online

I submitted my application for benefits on August 10, 2018. Expecting benefits to start in November. (first check would be December) Checking the progress online, the SSA web site has the following information: 08/13/2018 Benefit Application Pending We are reviewing your Retirement benefit applicat...
by TravelforFun
Wed Oct 24, 2018 10:40 am
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 51
Views: 5314

Re: Compounding interest?

OP, you only saw loses last couple of weeks. Some of us lived thru loses which lasted a couple of years and I can vow the compounding power is what brought us back much stronger than before.

Pick your appropriate AA and hang in there.

TravelforFun
by TravelforFun
Wed Oct 24, 2018 10:36 am
Forum: Investing - Help with Personal Investments
Topic: 32M burned out from active investing
Replies: 28
Views: 3748

Re: 32M burned out from active investing

Long story short, burned out from watching the markets 8 hours a day in addition to work, selling and buying daily or weekly, and getting older without the results desired (quicksand instead of a mountain top) Taxable - Currently in a few individual stocks like AMZN/AAPL/NVDA, but a lot of cash bec...
by TravelforFun
Wed Oct 24, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 51
Views: 5488

Re: Empty nester downsizing - any advice?

Has anyone downsized then moved into a nice condo or apartment only to realize that there were things they didn't like? Things like walls were too thin, water pressure too low, and the new neighbors too nosy or smoking? This is what holding me back from renting an apartment.

TravelforFun
by TravelforFun
Tue Oct 23, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25653

Re: PSA: Don't buy a big house

My Texas home atrium is 20' tall and has a chandelier hanging on a may be an 8' chain connected to the ceiling. When I need to change bulbs on the chandelier, I go up to my second floor library where I can see the chain, and use a long poll with a hook to pull the chandelier closer to me. I can almo...
by TravelforFun
Mon Oct 22, 2018 4:22 pm
Forum: Investing - Theory, News & General
Topic: What's Your Fixed Income Strategy?
Replies: 89
Views: 8617

Re: What's Your Fixed Income Strategy?

- 4 years from filing for max SS benefits
- I have 10 years worth of annual expenses in fixed income which includes approx. 60% bonds, 30% of CDs, and 10% money market.
- I'll continue to increase my CD holding and reduce my bond holding as interest rate increases.

TravelforFun
by TravelforFun
Sun Oct 21, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: Too Much Apple [AAPL] Stock
Replies: 55
Views: 5892

Re: Too Much APPL Stock

bhsince87 and Nicolas, My bad. I misread the chart as revenue per second.

TravelforFun
by TravelforFun
Sun Oct 21, 2018 10:23 pm
Forum: Investing - Theory, News & General
Topic: Too Much Apple [AAPL] Stock
Replies: 55
Views: 5892

Re: Too Much APPL Stock

The death knell for Sears was at least a couple of decades ago. Apple is a long way from any death knell at the moment. I agree, but would people who owned a bucket full of Sears have known when to sell? I suspect not. People who sold probably sold at a loss and people who held on now have penny st...
by TravelforFun
Sat Oct 20, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: What do you consider 'enough'?
Replies: 96
Views: 11303

Re: What do you consider 'enough'?

So here is a follow on question. Let’s assume that for whatever reason you end up with more than enough. Do you: 1) increase your lifestyle and if so how much, 2) simply watch the portfolio increase over time and probably end up with a larger legacy or end of life health care expenses, 3) give more...